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4 May 2020
USD/CHF Asia Price Forecast: Greenback starts the week upbeat vs. Swiss franc
- USD/CHF starts Monday with a 50-pip boost.
- The 0.9670 resistance can be the next hurdle on the upside.
USD/CHF daily chart
USD/CHF is trading below the 100 and 200 SMAs on the four-hour chart suggesting a bearish bias. However dollar/swiss is also trading within familiar ranges as the market found some support near April’s lows.
USD/CHF four-hour chart
The spot is bouncing from the 0.9600 level however still trading below the main SMAs on the four-hour chart. The 0.9670 resistance is the next hurdle if bulls want to capitalize on the Monday boost. A failure below the above-mentioned level can lead to a retest of the 0.9600 figure in the medium-term.
Additional key levels